4.
Barometer based on data from digital business start-up financed by venture
capitalists
Survey sent by venture capitalists to companies they invested in
EY as a third-party to consolidate the data and ensure that the figures are kept
confidential
► 171 participants (116 participants in 2013)
► Average age: 6 years (5 years in 2013)
► 3,3 M€ invested by VC (median) versus 4,8 M€
► Key figures from financial data 2013 & 2014
Methodology1

6.
Page 6
Hyper growth & Born global
+37% of revenues vs 2013
43% of revenues are generated
abroad in 2014
25% of respondents have a foreign
VC that already invested in the firm
People
+30% of employees in one year
92% of permanent contracts
44% of people employed by
companies which revenues are
from 5 to 50M€
75% of employees have at least a
Master Degree
9% of entrepreneurs are women
Innovation support Value sharing
50% of the sample did not use « Young
Innovative Company » tax incentive
Research Tax Credit remains the
preferred state incentive
Tax controls decreased in 2014
Controls are now more focused on the
Research Tax Credit
48% of share capital held by
management and employees
93% of start-up use equity
instruments
75% of start-up have positiv
« EBIT » when reaching 50 M€
of revenues
98% never distributed dividends
Social and economic performance of
French digital business start-up

14.
• Did you use the label « Young
Innovative Company » (or « JEI » in
French)*?
50%
Yes
50%
No
* Analysis based on a sample of 109 participants in 2015
• Did you use the French research and
development tax credit (CIR) ? **
** Analysis based on a sample of 105 participants in 2015
Innovation support3.3
Barometer 2015
— 14 —
71%
Yes
29%
No

24.
Barometer 2015
— 24 —
73%
Consider that IT Developers
are the most difficult staff
to recruit
2015 Edition
• Focus on recruitments for the year 2015*
People3.4 People3.4
* Analysis based on a sample of 71 participants in 2015

25.
Barometer 2015
— 25 —
92%
Yes
8%
No
• Are you both founder and manager of the company ?
People3.4 People3.4

37.
About France Digitale
France Digitale bring together the champions of digital
entrepreneurship: start-ups with strong growth plans and
potential
investors (venture capitalists and business angels). To build an
alliance between digital entrepreneurs and investors, so that
France becomes fertile ground for the creation of
digital champions of International stature. For more
information,
please visit www.francedigitale.org.
EY I Assurance I Tax I Transactions I Advisory
About EY
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advisory services. The insights and quality services we
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